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Side-by-side financial comparison of Clearfield, Inc. (CLFD) and Day One Biopharmaceuticals, Inc. (DAWN). Click either name above to swap in a different company.

Day One Biopharmaceuticals, Inc. is the larger business by last-quarter revenue ($39.8M vs $34.3M, roughly 1.2× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -49.6%, a 47.8% gap on every dollar of revenue. On growth, Clearfield, Inc. posted the faster year-over-year revenue change (-3.2% vs -57.6%).

Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

CLFD vs DAWN — Head-to-Head

Bigger by revenue
DAWN
DAWN
1.2× larger
DAWN
$39.8M
$34.3M
CLFD
Growing faster (revenue YoY)
CLFD
CLFD
+54.4% gap
CLFD
-3.2%
-57.6%
DAWN
Higher net margin
CLFD
CLFD
47.8% more per $
CLFD
-1.8%
-49.6%
DAWN

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
CLFD
CLFD
DAWN
DAWN
Revenue
$34.3M
$39.8M
Net Profit
$-614.0K
$-19.7M
Gross Margin
33.2%
Operating Margin
-5.3%
-60.9%
Net Margin
-1.8%
-49.6%
Revenue YoY
-3.2%
-57.6%
Net Profit YoY
67.8%
-153.3%
EPS (diluted)
$-0.04
$-0.19

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLFD
CLFD
DAWN
DAWN
Q4 25
$34.3M
Q3 25
$23.4M
$39.8M
Q2 25
$49.9M
$33.9M
Q1 25
$47.2M
$30.8M
Q4 24
$29.7M
Q3 24
$5.6M
$93.8M
Q2 24
$48.8M
Q1 24
$36.9M
$0
Net Profit
CLFD
CLFD
DAWN
DAWN
Q4 25
$-614.0K
Q3 25
$-9.1M
$-19.7M
Q2 25
$1.6M
$-30.3M
Q1 25
$1.3M
$-36.0M
Q4 24
$-1.9M
Q3 24
$37.0M
Q2 24
$-447.0K
Q1 24
$-5.9M
$-62.4M
Gross Margin
CLFD
CLFD
DAWN
DAWN
Q4 25
33.2%
Q3 25
53.2%
Q2 25
30.5%
Q1 25
30.1%
Q4 24
29.2%
Q3 24
Q2 24
21.9%
Q1 24
7.7%
Operating Margin
CLFD
CLFD
DAWN
DAWN
Q4 25
-5.3%
Q3 25
10.3%
-60.9%
Q2 25
3.0%
-103.1%
Q1 25
0.6%
-133.5%
Q4 24
-6.9%
Q3 24
31.6%
Q2 24
-4.7%
Q1 24
-26.4%
Net Margin
CLFD
CLFD
DAWN
DAWN
Q4 25
-1.8%
Q3 25
-38.8%
-49.6%
Q2 25
3.2%
-89.4%
Q1 25
2.8%
-117.0%
Q4 24
-6.4%
Q3 24
39.5%
Q2 24
-0.9%
Q1 24
-16.0%
EPS (diluted)
CLFD
CLFD
DAWN
DAWN
Q4 25
$-0.04
Q3 25
$-0.65
$-0.19
Q2 25
$0.11
$-0.29
Q1 25
$0.09
$-0.35
Q4 24
$-0.13
Q3 24
$0.38
Q2 24
$-0.04
Q1 24
$-0.40
$-0.72

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLFD
CLFD
DAWN
DAWN
Cash + ST InvestmentsLiquidity on hand
$96.4M
$451.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$249.7M
$450.9M
Total Assets
$268.1M
$513.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLFD
CLFD
DAWN
DAWN
Q4 25
$96.4M
Q3 25
$106.0M
$451.6M
Q2 25
$117.2M
$453.1M
Q1 25
$112.0M
$473.0M
Q4 24
$113.0M
Q3 24
$129.0M
$558.4M
Q2 24
$123.8M
Q1 24
$142.9M
$317.9M
Total Debt
CLFD
CLFD
DAWN
DAWN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CLFD
CLFD
DAWN
DAWN
Q4 25
$249.7M
Q3 25
$256.2M
$450.9M
Q2 25
$264.5M
$460.8M
Q1 25
$265.9M
$479.5M
Q4 24
$267.4M
Q3 24
$275.8M
$555.5M
Q2 24
$274.6M
Q1 24
$279.2M
$296.8M
Total Assets
CLFD
CLFD
DAWN
DAWN
Q4 25
$268.1M
Q3 25
$306.2M
$513.8M
Q2 25
$314.7M
$519.0M
Q1 25
$310.9M
$534.4M
Q4 24
$303.2M
Q3 24
$315.3M
$600.8M
Q2 24
$318.1M
Q1 24
$315.4M
$326.6M
Debt / Equity
CLFD
CLFD
DAWN
DAWN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.01×
Q2 24
0.01×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLFD
CLFD
DAWN
DAWN
Operating Cash FlowLast quarter
$-1.4M
$-5.8M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
2.9%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLFD
CLFD
DAWN
DAWN
Q4 25
$-1.4M
Q3 25
$-5.8M
Q2 25
$7.9M
$-24.8M
Q1 25
$3.0M
$-59.0M
Q4 24
$7.2M
Q3 24
$22.2M
$50.8M
Q2 24
$4.0M
Q1 24
$-5.7M
$-49.7M
Free Cash Flow
CLFD
CLFD
DAWN
DAWN
Q4 25
$-2.4M
Q3 25
Q2 25
$7.5M
$-24.8M
Q1 25
$654.0K
$-59.3M
Q4 24
$5.1M
Q3 24
$18.2M
$50.0M
Q2 24
$2.8M
Q1 24
$-7.7M
FCF Margin
CLFD
CLFD
DAWN
DAWN
Q4 25
-7.1%
Q3 25
Q2 25
15.1%
-73.2%
Q1 25
1.4%
-192.8%
Q4 24
17.1%
Q3 24
323.0%
53.4%
Q2 24
5.8%
Q1 24
-20.8%
Capex Intensity
CLFD
CLFD
DAWN
DAWN
Q4 25
2.9%
Q3 25
2.0%
0.0%
Q2 25
0.8%
0.0%
Q1 25
5.1%
1.0%
Q4 24
7.0%
Q3 24
71.4%
0.8%
Q2 24
2.5%
Q1 24
5.3%
Cash Conversion
CLFD
CLFD
DAWN
DAWN
Q4 25
Q3 25
Q2 25
4.93×
Q1 25
2.30×
Q4 24
Q3 24
1.37×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CLFD
CLFD

Segment breakdown not available.

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

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